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Kennedy Round
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Kennedy Round

international trade
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Quick Summary

The Kennedy Round was a series of multilateral trade negotiations held in Geneva from 1964 to 1967. It was part of the General Agreement on Tariffs and Trade (GATT) process, which aimed to reduce tariffs and other trade barriers among participating nations. The Kennedy Round was significant because it authorized tariff reductions of up to 50 percent, marking a fundamental shift away from the United States' traditional protectionist stance. This round also saw the inclusion of a new section in the GATT charter focused on "Trade and Development," which called for stabilizing raw material prices and reducing trade barriers for developing countries.12

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3 Britannica Sources
  1. General Agreement on Tariffs and Trade
  2. 20th-century international relations - Policies of the Kennedy administration
  3. international trade - The General Agreement on Tariffs and Trade

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